Thousands of homes in development are being halted and thousands more vacant new homes are being foreclosed across California, leading to crime, looting and squatting.
"It's a scene not uncommon throughout California, as residential construction grinds to a halt under the dual weight of the credit crunch and the housing crisis: a rusty chain the only barrier between the community and a half-built structure in Hollywood; a bare dirt lot in Pasadena; old stoves amid the trash at the site in Oakland."
"Nearly 250 residential developments with a combined total of 9,389 houses and condominiums have been halted in California, according to research firm Hanley Wood Market Intelligence. The units, worth close to $3.5 billion, were in various stages of development."
"Now, many are in bankruptcy or have been foreclosed by lenders. Developers have halted sales on an additional 370 new-home developments -- about 30,000 units worth $11.9 billion."
FULL STORY: As projects grind to a halt, home sites turn to wasteland
What’s in a Name? Investors vs. Speculators
We don’t often make a clear distinction between investors and speculators, which makes it harder to identify harmful behavior — and to find solutions for it.
Fannie Mae Economists Predict Slow Housing Market in 2025
A December report forecasts a continued “lock-in effect” due to high mortgage rates and a low production of multifamily housing.
Report: How Billionaire Buyers Are Making the Housing Crisis Worse
The financialization of the housing sector is driving up costs for ordinary families and keeping available units off the market.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
‘Complete Streets’ Webpage Deleted in Federal Purge
Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Ratepayers Could Be on the Hook for Data Centers’ Energy Use
Without regulatory changes, data centers’ high demand for energy would be subsidized by taxpayers, according to a new study.
City Nature Challenge: Explore, Document, and Protect Urban Biodiversity
The City Nature Challenge is a global community science event where participants use the iNaturalist app to document urban biodiversity, contributing valuable data to support conservation and scientific research.
A Lone Voice for Climate: How The Wild Robot Stands Apart in Hollywood
Among this year’s Oscar-nominated films, only The Wild Robot passed the Climate Reality Check, a test measuring climate change representation in storytelling, highlighting the ongoing lack of climate awareness in mainstream Hollywood films.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research